KKR Exits Danish Telecom Firm TDC In $744M Stake Sale

Law360, New York (September 13, 2013, 12:08 PM EDT) -- Private equity giant KKR & Co. LP will sell its 11 percent stake in TDC A/S, the Danish telecommunications firm confirmed Friday, raking in a reported $744 million in an exit that comes amid a wave of dealmaking and investor interest in the sector.

Neither New York-based KKR nor TDC outlined the deal's pricing or named the buyers. Several media outlets reported that the private equity firm sold 90 million shares to a group of institutional investors at 46.3 Danish kroners ($8.25) a pop — a...
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